Speaker Ferdinand Martin Romualdez has reaffirmed the House of Representatives’ commitment to expeditiously approve the remaining nine of the 44 urgent measures identified by the Legislative-Executive Development Advisory Council (LEDAC).
“We have walked the talk on helping the President legislate his priorities. We have delivered on our promise,” he said.
The nine remaining LEDAC bills are the Natural Gas Industry Enabling Law, Philippine Ecosystem and Natural Capital Accounting System Bill, National Employment Action Plan, Department of Water Services and
Resources, amendments to the Electric Power Industry Act, Anti-Agricultural Smuggling Act, Budget Modernization, National Defense Act and Unified System of Separation, Retirement and Pension for Uniformed Personnel.
LEDAC’s priority bills now number 44, with the addition of the Anti-Financial Account Scamming Act and the bill amending the Bank Secrecy Law, which are among the 20 measures the President wants approved before the end of the year.
Before the first regular session of the 19th Congress ended in June, the House approved 33 out of the 42 priority measures identified by LEDAC.
Meanwhile, Romualdez assured the military and uniformed personnel (MUP) that the P120 billion needed for the pension fund of soldiers, policemen, and other uniformed personnel will be resolved this year.
He directed the members of the committees on appropriation, and ways and means to find ways to raise P120 billion for the MUP pension fund.
The government needs P120 billion annually or P3.6 trillion for the next three decades, but the President wants the fund to be sustainable beyond 30 years.